Insights

Weekly Market Commentary – 14th August 2026

14 August 2026

This week the money kept flowing into AI. The recovery from July’s chip-stock sell-off ran into a second week and the S&P 500 set fresh records. Anthropic’s backers expect October’s float to value it at $2tn or more, double the price they themselves put on it in May, overtaking SpaceX’s $1.77tn debut as the largest listing in history. Once public, the scrutiny begins. Markets set expectations quarterly and companies spend their lives chasing them. That treadmill is one reason money is rotating into tech-light Europe, newly profitable and so far untroubled by dearer energy.